About the Society

Arkansas Society of CPAs (ARCPA) is Arkansas's premier professional home for CPAs and accounting professionals, serving the profession with integrity.

With over 105 years of service to the accounting profession, the mission of ARCPA is to promote and engage members for growth and success through advocacy, education, networking, and mentorship.

Latest News

AICPA expresses strong support for bipartisan discussion draft to improve IRS administration

The United States Senate Committee on Finance has released a bipartisan discussion draft that will help to improve Internal Revenue Service administration - the AICPA has endorsed numerous provisions in this draft. Many of the provisions that the AICPA and state societies have long advocated for have been included in this discussion draft.

Posted on January 30, 2025

FinCEN says BOI reporting remains on hold

Reporting companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement do not have to file the reports while an injunction remains in place, the Financial Crimes Enforcement Network (FinCEN) said Friday morning. Companies that do not file BOI reports also are not subject to liability while the injunction remains in place, FinCEN said. However, the estimated 32 million small businesses covered by the reporting requirements may submit their BOI reports voluntarily, FinCEN said. Although the U.S. Supreme Court issued a stay Thursday of a nationwide injunction issued by a district court in Texas Top Cop Shop, Inc. v. Garland, No. 4:24-CV-478 (E.D. Texas 12/3/24), a separate nationwide injunction issued by a different Texas court remains in place, FinCEN said.

Posted on January 27, 2025